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The Road to Serfdom

serfserf Member Posts: 8,962 ✭✭✭✭


It's been known for a long time! Only a renewal energy source with total control of all commerce through a cashless society will save the day or an all out war or epidemic or both before the money changers reappearance being our saviors once again for the last time.

serf

https://en.wikipedia.org/wiki/The_Road_to_Serfdom

Hayek argues that Western democracies, including the United Kingdom and the United States, have "progressively abandoned that freedom in economic affairs without which personal and political freedom has never existed in the past".[16] Society has mistakenly tried to ensure continuing prosperity by centralized planning, which inevitably leads to totalitarianism. "We have in effect undertaken to dispense with the forces which produced unforeseen results and to replace the impersonal and anonymous mechanism of the market by collective and ‘conscious’ direction of all social forces to deliberately chosen goals."[17] Socialism, while presented as a means of assuring equality, does so through "restraint and servitude", while "democracy seeks equality in liberty".[18] Planning, because it is coercive, is an inferior method of regulation, while the competition of a free market is superior "because it is the only method by which our activities can be adjusted to each other without coercive or arbitrary intervention of authority".[19]

Comments

  • Mr. PerfectMr. Perfect Member Posts: 63,054 ✭✭✭✭

    It's one of the reasons they keep trying to suppress crypto currency.

    Some will die in hot pursuit
    And fiery auto crashes
    Some will die in hot pursuit
    While sifting through my ashes
    Some will fall in love with life
    And drink it from a fountain
    That is pouring like an avalanche
    Coming down the mountain
  • select-fireselect-fire Member Posts: 68,450 ✭✭✭✭

    Any thing to cause a problem. Computer crashes , hacks and bingo the accounts are gone

  • Mr. PerfectMr. Perfect Member Posts: 63,054 ✭✭✭✭

    There has definitely been discussion in the elite's circles of taking the entire internet down.

    Some will die in hot pursuit
    And fiery auto crashes
    Some will die in hot pursuit
    While sifting through my ashes
    Some will fall in love with life
    And drink it from a fountain
    That is pouring like an avalanche
    Coming down the mountain
  • serfserf Member Posts: 8,962 ✭✭✭✭


    The Swiss with The BIS has been the main issuing trades of international banking exchanges and will not let it's monopoly fail. Bitcoin will die in time.

    serf

    https://www.reuters.com/article/swiss-snb-currency-transactions/switzerland-tests-digital-currency-payments-with-top-investment-banks-idUSL8N2TS3DT

    ZURICH (Reuters) - Switzerland’s central bank has successfully used digital currency to settle transactions involving five commercial banks, the Swiss National Bank said on Thursday, the latest trial of the technology in wholesale markets.

    The trial, called Project Helvetia, could bring the introduction of central bank digital currencies a step nearer in Switzerland, which has conducted some of the most advanced central bank digital currency (CBDC) experiments in Europe.

    Central banks across the world have stepped up work on CBDCs, in part to make existing payment systems more efficient and to counter the challenge from cryptocurrencies, with research focusing on versions for both wholesale or retail use.

    While retail CBDCs would be used by households and businesses for everyday transactions, wholesale versions could be used to make large-scale payments between banks or other entities with central bank accounts.

    Backers say wholesale CBDCs could also make settling securities trades - which can take days, with several parties involved - more efficient.

    A CBDC could be programmed with instructions to deliver the security instantly upon receipt of digital cash.

  • BrookwoodBrookwood Member, Moderator Posts: 10,875 ******

    THE ROAD TO SERFDOM


    I thought this post was going to be your biography serf. 😁

  • hillbillehillbille Member Posts: 12,850 ✭✭✭✭

    I was guessing it would be a toll road with AI collecting the money............

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